On the 2019 Business Roundtable “Statement on the Purpose of a Corporation”:

In this study, we explore seven in-depth cases of high-technology acquisitions and develop an empirically grounded model of technology and capability transfer during acquisition implementation. We assess how the nature of the acquired firms' knowledge-based resources, as well as multiple dimensions of acquisition implementation, have both independent and interactive effects on the successful appropriation of technologies and capabilities by the acquirer. Our inquiry contributes to the growing body of research examining the transfer of knowledge both between and within organizations. Propositions are developed to help guide further inquiry into the dynamics of acquisition implementation processes in general and, more specifically, the process of acquiring new technologies and capabilities from other firms.

Acquiring new technologies and capabilities: A grounded model of acquisition implementation

Although business restructuring occurs frequently and it is important for the prosperity of family firms across generations, research on family firms has largely evolved separately from research on business restructuring. This is a missed opportunity, since the two domains are complementary, and understanding the context, process, content, and outcome dimensions is relevant to both research streams. We address this by examining the intersection between research on business restructuring and family firms to improve our knowledge of each area and inform future research. To achieve this goal, we review and organize research across different dimensions to create an integrative framework. Building on current research, we focus on 88 studies at the intersection of family firm and business restructuring research to develop a model that identifies research needs and suggests directions for future research.

Family Business Restructuring:A Review and Research Agenda

Firm failure processes and components of failure risk: An analysis of European bankrupt firms

https://journals.sagepub.com/doi/pdf/10.1177/0149206321994182

The Evolution of Resource-Based Inquiry: A Review and Meta-Analytic Integration of the Strategic Resources–Actions–Performance Pathway:

Unfinished Business: Nested Acquisitions, Managerial Capacity, and Firm Performance:

Cure or curse: Does downsizing increase the likelihood of bankruptcy?

Technology acquisitions are one of the most popular, yet difficult means of responding to competitors new technologies. However, decades of acquisition research cautions against an overly acquisitive strategy. To understand this, we build on organizational renewal research and organizational learning theory to examine whether and when firms benefit from the acquisition of entrepreneurial technology ventures in response to technological change. We theorize that heterogeneity among firm’s acquisition activities (i.e., pace, venture maturity, and retention of the ventures’ founders) plays an important and nuanced role in new knowledge creation. Using data on US mobile operating systems following the introduction of the iPhone (2006–2015), we find that, all else being equal, firms with a higher acquisition pace benefitted and those that acquired mid-maturity ventures in response to technological change were more likely to have positive outcomes relative to firms that acquire nascent or older ventures. Further, our findings suggest that founder retention is not equally beneficial for all ventures—founder retention is most beneficial for mid-maturity ventures. 

Manjot Singh Bhussar

Papers

Unfinished Business: Nested Acquisitions, Managerial Capacity, and Firm Performance:

Cure or curse: Does downsizing increase the likelihood of bankruptcy?

High-tech acquisitions: How acquisition pace, venture maturity, and founder retention influence firm innovation